Gurgaon Real Estate Vertical Expansion Makes Sense
Gurgaon Real Estate: Vertical Expansion Makes Sense
Sky is the only limit for Gurgaon. The skyscraping buildings of the city will be dwarfed soon as the town and country planning department relaxes the norms on building height. Under the new norm, it will be possible to construct residential buildings more than 30 metre in height.
“Keeping in view the rising demand for housing real estate in Gurgaon, we have relaxed the ceiling on building height,” says DS Dhesi, commissioner, town and country planning. However, he clarifies
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that the norm is restricted to the clearance from the Airports Authority of India (AAI).
As per the rules and regulations, any construction, over 30 metre of height, within the radius of 10 kilometre of airport needs clearance from the AAI.
Experts take
Vertical expansion in building construction makes sense to the real estate developers if we look at the price of land in Gurgaon, commented a senior marketing personnel of Eldeco Group.
“The cyber city of Gurgaon has always been known for its skyscraping high-rises. Leave aside the aesthetics and technological pride, the government’s initiative towards raising the building height will have long term impact on the city,” says Animesh Rana, a real estate expert.
Fundamental need
The city’s population is growing at a staggering pace. The Gurgaon-Manesar Urban Complex Plan 2021 estimates that the total headcount in Gurgaon will reach 37 lakh in 2021, an increase of about 215 per cent over the current population of 17 lakh.
Therefore, in order to accommodate such large number of people, the city direly needs to expand both vertically and horizontally. Which is why, the industrial area of Manesar has been made an integral part of Gurgaon by the government. Since, the area does not fall under the radius of 10 kilometre from the airport, no permissions are required from the AAI for constructing buildings measuring 60 metres in height.
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Gurgaon Real Estate: Vertical Expansion Makes Sense / Author: George Gonigal